INDIAN energy giant Adani Enterprises has moved foreign investment in Australia to a new level, with a $10 billion scheme to control every stage of its booming coal export business from mine to port.
In his first major interview, the chief executive of Adani's Australian operations, Jignesh Derasari, declared the company wanted to control "whatever component the coal touches", including a $3bn railway network to haul coal from the emergent Galilee Basin in central Queensland to two ports, one of which it purchased this year and the other which it will build at Dudgeon Point near Mackay.
From these outlets, Adani-owned bulk carriers would ship the coal to India to supply a chain of seven power stations operated by the company. Read More
The Australian
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